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A loan-out corporation, also known as a loan-out company, or personal service corporation, is a form of US business entity in which the creator is an 'employee' whose services are loaned out by the corporate body.
Hollywood labor unions are 'closely' monitoring a move by the California Employment Development Department to crack down on loan-out companies, which are widely used in the entertainment industry.
Former E-Loan headquarters in Pleasanton, California. E-Loan was founded by Janina Pawlowski and Christopher Larsen in 1997. Former co-workers at a California-based mortgage lender, [4] Pawlowski and Larsen had disagreed with their supervisor's on-the-job demands and decided to build their own mortgage business together.
In a direct auto loan, a bank lends the money directly to a consumer. In an indirect auto loan, a car dealership (or a connected company) acts as an intermediary between the bank or financial institution and the consumer. Other forms of secured loans include loans against securities – such as shares, mutual funds, bonds, etc.
A change to tighten the tax treatment rules around loan out corporations would most likely mean that Hollywood employers would be required to pay creative talent wages as individuals and not as ...
Unsecured business loans are riskier for the lender than secured loans. With a secured loan, the lender can take the collateral to recover losses if you fail to make payments.
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